How much do strata companies charge?
How much do strata companies charge?
In New South Wales, average Strata Fees can be anywhere from 0.3% to 1.2% of the property’s value (0.8%–1.2% with facilities, 0.3%–0.7% without facilities). These Levies are calculated prior to, and then voted on at, the Owners Corporation AGM.
How do I choose a good body corporate manager?
- Get someone who knows the state legislation.
- They should know the area.
- Good Owners Corporation Managers have transparent financials.
- An Owner’s Corporation Manager must be accessible to you.
- Choose someone that has proven results.
- Don’t be afraid to change.
What should I look for in a strata manager?
The Top Five Things to Look for in a New Strata Manager
- Personnel – Who will be looking after your property?
- Experience – Can they demonstrate experience handling the issues you face at your property?
- Capability – Do they have the resources to look after your property?
- Approach – Does one size fit all?
How much strata should I be paying?
The average strata fees in NSW According to the Flat Chat strata online forum, annual strata levies should fall between 0.8% and 1.2% of a property’s value when the complex offers facilities, and between 0.3% and 0.7% when there are little to no facilities.
Are strata fees tax deductible?
#5 Are strata fees tax deductible? Strata fees are typically tax deductible. So long as you keep a general record of expenses made on your property, you should be able to provide details on what can be claimed. Usually, if the fee falls into the administrative or sinking fund, you can claim a deduction.
Why are strata fees so high?
The number of communal amenities will influence the cost, i.e. strata fees for complexes with swimming pools, elevators and gyms are likely to be higher, than those without. Depending on the property, you could see yourself paying between $550 and $2,500 a quarter.
How long have I dealt with Richardson strata management?
I have been dealing with Richardson Strata Management for about 10 years now and the Strata Managers I’ve had have always been very knowledgeable, professional and responsive. Recently they arranged for urgent repairs to the driveway in a timely manner for a very good price.
Who is the largest strata management company in Australia?
We’re one of Perth’s biggest family-owned and operated Strata Management companies and we’ve been providing professional management services to West Australian strata companies for over 30 years. We manage everything from strata compliance, building maintenance and management.
How can I get information about my strata?
Our interactive services and online portal allow you to access strata records, invoices and financial statements whenever suits you. It’s available 24/7. We’re accessible and responsive, whenever you need advice.
Are there any changes to dealing with poor behaviour in strata?
QLD: Bullying in Strata! Some Committees are Extremely Unreasonable Sharing is caring! This article about bullying in strata has been supplied by Frank Higginson, Hynes Legal. Table of Contents: QUESTION: Are there any changes to dealing with poor behaviour at a meeting, vexatious persons?